Egypt sells $854M in 1-year dollar T-bills

Egypt sold $854 million in oneyear dollar-denominated T-bills at an average yield of 3.797 per cent, the central bank said on Sunday.The bills will mature on January 7, 2020, the bank said. The bank sold $1.1 billion in one-year dollar-denominated treasury bills at a similar auction in December, with an average yield of 3.747 per cent. Dollar T-bills sold at the last auction on Dec. 10 carried a yield of 3.747 percent. T-bills worth $944.5 million are due to mature on Tuesday.